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SoftGamings inks deal with Wazdan

Niji Narayan

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SoftGamings, an online casino platform provider and games aggregator based in Malta, has signed a partnership deal with Wazdan, an innovative games provider from Malta itself. The company expects the deal to power up the slots available on SoftGamings casino platform.

SoftGamings products portfolio boasts of more than 40 gaming suppliers and over 3000 games, with the addition now of Wazdan’s catalogue that incorporates the Unique Wazdan Features.

These include the world’s first Volatility LevelsTM, Energy Saving Mode, Double Screen Mode and Unique Gamble Feature which deliver outstanding player engagement and casino revenue across Wazdan’s HTML5 slots for mobile, tablet and desktop.

Wazdan joins a who’s who of game developers on SoftGamings platform including NetEnt, Microgaming, BetSoft, Endorphina, Habanero, Booming Games and WorldMatch, amongst others.

Wazdan’s portfolio of over 110 HTML5 slots including 2018 iGB Live! releases Fruits Go BananasTM and Spectrum will be available along with recent releases.

These include Great Book of Magic Deluxe, 9 Lions, Double Tigers, Sizzling 777 Deluxe, Hot Party Deluxe, Corrida Romance Deluxe, Football Mania Deluxe, Corrida Romance Deluxe and Highway to Hell Deluxe.

Upcoming games include the eagerly anticipated Los MuertosTM, a game which celebrates the unique Mexican holiday Day of the Dead, Mayan Ritual a slot that explores the mystery of the lost ancient culture of the Maya, and Slot Jam, a fruity game with juicy cash prizes.

Irina Sazonova, director of partnerships at SoftGamings, said: “Online casino is increasingly important, and our partnership with Wazdan ensures we keep highlighting that.”

“Wazdan’s high-quality games, especially their mobile-friendly technology and award-winning content will significantly enhance our players’ casino gaming experience as well as satisfying operators with the world’s first Volatility LevelsTM, a feature we’ve been wanting to introduce on the B2B side since we saw it at ICE.”

Head of sales at Wazdan Andrzej Hyla said: “We’re very excited to see our casino portfolio go live on SoftGamings platform, and we’re confident that our cutting-edge technology and content will add additional dimensions to the casino offering.”

“We are also delighted to start working with such a respected and well-established platform as SoftGamings. Our mission of making Wazdan’s games available to the biggest operators in the industry is closer with deals like this one, 2018 is a great year for us to keep expanding our reach.”

This year Wazdan has signed with some of the biggest names in the industry including EveryMatrix, Videoslots, SlotMillions, Tipbet, Iforium, iSoftbet, Evenbets, Groove Gaming, Globalplay, Tipbet, Rabbit Entertainment and now SoftGamings, among others.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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AGTech announces revenue report of 2018

Niji Narayan

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AGTech announces revenue report of 2018
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AGTech Holdings Limited announced its final results for the last year, revealing a profit of approximately HK$317.1 million (US$40.4 million). The results were up from a loss of HK$302.2 million in the prior year period.

Revenue of the group, however, was down 44.2 per cent year-on-year to approximately HK$168.6 million.

The main revenue contributions were from lottery hardware, lottery games, and systems, provision of distribution and ancillary services, games and entertainment business in the PRC.

The decrease in revenue was caused by an HK$86.0 million decrease in revenue from its games and entertainment division and a decrease in sales of lottery hardware of approximately HK$60.3 million.

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GVC confirms departure of Lee Feldman

Niji Narayan

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GVC confirms departure of Lee Feldman
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GVC Holdings is seeking a new Chairman, as incumbent Lee Feldman is preparing to announce his formal departure from the FTSE100 betting group. Feldman has been a GVC governance advisor since 2004 and was appointed corporate Chairman in 2008, becoming a key stakeholder in the firm’s aggressive M&A expansion strategy and corporate financing structures.

The news of the departure comes amid GVC investor backlash at Feldman and Chief Executive Kenneth Alexander having offloaded a combined 3 million of company shares at discounted price. This drawn the criticism from GVC investors, having shrunk the firm’s shareprice to 519p and further being branded as showing a “lack of confidence by leadership” on GVC’s long-term prospects.

GVC maintains that Feldman will be leaving the betting group, as part of City governance guidelines obliging FTSE Chairmanships to last no-longer than nine-years. The corporate governance had begun an accelerated process to find Feldman’s successor.

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Smarkets announces strengthened executive team

George Miller

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Smarkets announces strengthened executive team
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Smarkets, one of the world’s largest betting exchange and prediction market platforms, has this morning announced a strengthened executive team.

Robin Harrison, a former engineering team lead at the company, has re-joined the company as Chief Technology Officer after a year in the role of Head of Engineering at Asto, a fintech startup backed by global bank Santander.

Meanwhile, Tom Hardman and Céline Crawford have been promoted to Chief Operations Officer and Chief Communications Officer respectively.

Hardman, who formerly held the title of Head of Business Operations, is one of Smarkets’s longest-serving employees having joined in 2010 after graduating from Oxford University. During his time at the company, he has overseen many areas including finance, legal and customer support.

Crawford has been with Smarkets since 2015 after working in the banking and communication sectors for over a decade at companies including finnCap and Commerzbank.

Smarkets have also hired Chris Baldacchino as Chief Compliance Officer. He joins after holding the same position at Hero Gaming, having previously been COO at the Malta-based firm.

The quartet join CEO and Founder Jason Trost on the company’s executive team.

Trost said: “I’m delighted to welcome Robin and Chris to the company, as well as adding two of our most dedicated employees, Céline and Tom, to the executive team.

“Robin, having been a team lead at Smarkets previously, is well-placed to develop and advance our class-leading product further, while Chris’s industry expertise will be invaluable as we look to expand to new territories, such as the emerging US market and other European countries.

“Both Céline and Tom are integral employees who have been with the company for many years and fully deserve their promotions, having played a big part in our recent success.”

The C-suite announcement comes shortly after Smarkets revealed that it had over £150m of trading volume on its exchange during the recent Cheltenham Festival, with all-time records broken for concurrent users on both the company’s web and app platforms. Read more at smrkts.co/chelt19

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